Midwest refineries partially to blame for gas price spike

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Updated: 5/16/2013 11:07 pm Published: 5/16/2013 10:13 pm

This week Oklahoma gas prices jumped up 27 cents and last night they jumped 18 cents.  Industry analysts said from all indications the United States’ oil supply is not low, but regionally there is a problem.

Oklahoma is included in the mid-continent group.  Analysts blame the high prices on lagging pipelines in the Gulf Coast, regional supply shortages, and Midwest refinery repairs and outages. 

Refineries in Minnesota, Oklahoma, Kansas, Iowa, North and South Dakota, and Nebraska, are undergoing unplanned maintenance, according to Quick Trip’s spokesperson, Michael Thornbrugh. 

Gasoline inventories in the Midwest have half as much as they usually do this time of year.

“Really low gasoline inventories, limited production refineries, and problems with pipeline transportation from the Gulf Coast, all that has thrown up the mid-continent with prices shooting up,” said Thornbrugh. 

Last week Tulsa gas prices were at $3.39 for one gallon of unleaded gasoline.  On Tuesday morning they were at $3.49, on Tuesday evening they leaped to $3.64, and on Wednesday they jumped to $3.82. 

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The views expressed here do not necessarily represent those of KOKI FOX23 - Tulsa

Bulwark - 5/17/2013 1:09 PM
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Not buying this at all. Severe weather has always been, especially in this area. Twenty years ago, gas prices never jumped like this. You never saw .79 gas jump up to 2.37 after a bout of tornado's, high winds, or torrential downpours of rain, sleet or hail.
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